M&A - YETI Holdings, Inc.

Form Type: 10-Q

Filing Date: 2025-05-08

Corporate Action: Acquisition

Type: Update

Accession Number: 000167059225000024

Filing Summary: YETI Holdings, Inc. reported its financial results for the quarterly period ending March 29, 2025, highlighting a net income of $16,609 million, representing an increase from $15,855 million in the same period last year. The total assets were reported at $1,237,866 million. During this period, YETI also integrated its acquisition of Mystery Ranch, which was completed on February 2, 2024, for a total cash consideration of $36.2 million. The company aims to expand capabilities in its bags category through this acquisition, which was funded with cash on hand. The financial report includes various key figures such as net sales of $351,128 million and operating income of $21,671 million. Risk factors related to operational performance and market conditions were outlined, reflecting the company's concerns regarding economic conditions affecting consumer confidence and product demand. The report reiterates compliance with SEC regulations and includes forward-looking statements regarding the company's expected market performance and strategic initiatives.